Geode Capital Management LLC Has $1.77 Billion Stock Position in KKR & Co. Inc. (NYSE:KKR)

Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,589,852 shares of the asset manager's stock after buying an additional 355,837 shares during the quarter. Geode Capital Management LLC owned approximately 1.53% of KKR & Co. Inc. worth $1,768,788,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KKR. Raleigh Capital Management Inc. raised its holdings in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock worth $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $31,000. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $34,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth $40,000. Finally, American National Bank grew its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. TD Cowen lifted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley lifted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Finally, HSBC began coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $155.50.

KKR & Co. Inc. Trading Up 3.7 %

KKR & Co. Inc. stock traded up $5.58 during mid-day trading on Wednesday, hitting $157.39. The company's stock had a trading volume of 4,174,976 shares, compared to its average volume of 4,230,944. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $139.80 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The stock's fifty day moving average is $146.73 and its two-hundred day moving average is $126.28. KKR & Co. Inc. has a 1 year low of $76.87 and a 1 year high of $163.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.28%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.